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About the Listing 8390 - 82783
**Exceptional Investment Opportunity!** This 100% occupied apartment complex offers stable performance, a strong base of long-term tenants, and substantial upside for future income growth. The property consists of two garden-style, two-story buildings totaling 48 units, including 36 two-bedroom apartments and 12 one-bedroom apartments, each with separate utilities. Major capital improvements include a newer roof (2019), new windows, patio doors, siding, gutters, and fascia (2023), along with new front entrance doors (2026). The laundry room has also been completely remodeled and offers the capacity to install six new washers and dryers. Current income does not include any laundry revenue, creating an immediate opportunity to generate an additional income stream once the machines become operational. Additional features include 85 paved parking spaces and excellent potential for a future condominium conversion. With full occupancy, valuable recent improvements, multiple opportunities to increase revenue, and returns that stand out in today's market, this exceptional income-producing asset is truly an investor's dream. Don't miss this rare opportunity to acquire a well-positioned multifamily property with significant growth potential!
Listing Highlights for 604-620 E Grant Hwy
Interior Details
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Electric
- Fireplaces: 0
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 217.6X33X90.2X6X88.4X384.3X281.8X383.9
- Zoning: MULTI
- Roof: Composition
- Others:
- Sewer:
- Parking Features: 51-100 Spaces
Financial Details
- Tax Amount: $56,793
- Taxes w/Assessments: N/A
- Tax/Property ID: 1136327042
- Tax Year: 2022
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
604-620 E Grant Hwy Marengo, IL 60152
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